NASDAQ:MRVL - Marvell Technology Group Stock Price, Price Target & More

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group declared a quarterly dividend on Thursday, March 15th. Investors of record on Thursday, March 29th will be paid a dividend of $0.06 per share on Wednesday, April 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Wednesday, March 28th. View Marvell Technology Group's Dividend History.

Marvell Technology Group Ltd. (NASDAQ:MRVL) posted its earnings results on Thursday, May, 31st. The semiconductor company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The semiconductor company earned $604.63 million during the quarter, compared to analysts' expectations of $601.85 million. Marvell Technology Group had a return on equity of 13.84% and a net margin of 22.24%. The firm's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. View Marvell Technology Group's Earnings History.

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Wednesday, August, 22nd 2018. View Earnings Estimates for Marvell Technology Group.

Marvell Technology Group issued an update on its second quarter earnings guidance on Thursday, May, 31st. The company provided EPS guidance of $0.32-0.36 for the period, compared to the Thomson Reuters consensus estimate of $0.33. The company issued revenue guidance of $600-630 million, compared to the consensus revenue estimate of $621.00 million.

23 brokerages have issued 12 month price objectives for Marvell Technology Group's shares. Their predictions range from $18.50 to $30.00. On average, they expect Marvell Technology Group's share price to reach $26.2750 in the next twelve months. View Analyst Ratings for Marvell Technology Group.

Marvell Technology Group saw a increase in short interest during the month of May. As of May 31st, there was short interest totalling 52,740,778 shares, an increase of 10.4% from the May 15th total of 47,767,149 shares. Based on an average daily trading volume, of 9,337,043 shares, the days-to-cover ratio is currently 5.6 days. Currently, 11.1% of the company's shares are short sold. View Marvell Technology Group's Current Options Chain.

Some companies that are related to Marvell Technology Group include NXP Semiconductors (NXPI), Analog Devices (ADI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Microchip Technology (MCHP), STMicroelectronics (STM), Kyocera (KYO), Skyworks Solutions (SWKS), Xilinx (XLNX), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), IPG Photonics (IPGP), ON Semiconductor (ON), Qorvo (QRVO) and ASE INDL HLDG C/S (ASX).

Media stories about MRVL stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Marvell Technology Group earned a coverage optimism score of 0.07 on Accern's scale. They also assigned media headlines about the semiconductor company an impact score of 46.21 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Marvell Technology Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include FMR LLC (10.71%), BlackRock Inc. (4.80%), Epoch Investment Partners Inc. (2.79%), Boston Partners (2.40%), Wedge Capital Management L L P NC (1.28%) and Jericho Capital Asset Management L.P. (1.11%). Company insiders that own Marvell Technology Group stock include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan and Sehat Sutardja. View Institutional Ownership Trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Epoch Investment Partners Inc., Boston Partners, Seven Eight Capital LP, SG Americas Securities LLC, Swiss National Bank, Water Island Capital LLC and Roystone Capital Management LP. Company insiders that have sold Marvell Technology Group company stock in the last year include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan and Sehat Sutardja. View Insider Buying and Selling for Marvell Technology Group.

MRVL stock was purchased by a variety of institutional investors in the last quarter, including Swedbank, Frontier Capital Management Co. LLC, Jericho Capital Asset Management L.P., Point72 Asset Management L.P., Massachusetts Financial Services Co. MA, Natixis, Amundi Pioneer Asset Management Inc. and Nuveen Asset Management LLC. View Insider Buying and Selling for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $21.31.

Marvell Technology Group has a market capitalization of $10.65 billion and generates $2.41 billion in revenue each year. The semiconductor company earns $520.83 million in net income (profit) each year or $1.04 on an earnings per share basis. Marvell Technology Group employs 3,749 workers across the globe.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]